NewsOrders & DealsWhiteOak Capital Mutual Fund Acquires 5.45% Stake in Cigniti Technologies, Triggers SEBI DisclosureWhiteOak Capital Mutual Fund Acquires 5.45% Stake in Cigniti Technologies, Triggers SEBI Disclosure
WhiteOak Capital Mutual Fund acquired 1,50,750 shares of Cigniti Technologies Ltd on December 31, 2025, increasing its stake from 4.91% to 5.45% and triggering mandatory SEBI disclosure requirements. The purchase was made through secondary market transactions across various fund schemes, with the total holding reaching 15,02,088 shares. WhiteOak clarified the investment was made from an investment perspective rather than seeking controlling interest in the IT software company.
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WhiteOak Capital Mutual Fund has acquired a significant stake in Cigniti Technologies Ltd, crossing the 5% shareholding threshold that triggers mandatory regulatory disclosures. The mutual fund purchased 1,50,750 equity shares on December 31, 2025, through its various schemes, increasing its total shareholding to 5.45% of the company's issued share capital.
Transaction Details
The acquisition was executed through secondary market purchases, with WhiteOak Capital's total holding increasing from 13,51,338 shares to 15,02,088 shares. This represents an increase from 4.91% to 5.45% of Cigniti Technologies' total equity share capital.
| Parameter | Before Acquisition | Shares Acquired | After Acquisition |
|---|---|---|---|
| Number of Shares | 13,51,338 | 1,50,750 | 15,02,088 |
| Percentage Holding | 4.91% | 0.54% | 5.45% |
| Total Share Capital | 2,75,46,959 equity shares (Face value ₹10 each) | - | 2,75,46,959 equity shares (Face value ₹10 each) |
Regulatory Compliance
The acquisition triggered disclosure requirements under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. WhiteOak Capital Asset Management Limited, acting as the investment manager for WhiteOak Capital Mutual Fund, filed the mandatory disclosure with both the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited on January 2, 2026.
Investment Rationale
WhiteOak Capital clarified that the share acquisition was made from an investment perspective and not with the objective of seeking controlling interest in the company. The fund's compliance officer, Sampada Mohite, signed the disclosure documents confirming the investment rationale and regulatory compliance.
Company Background
Cigniti Technologies operates in the IT software sector and is listed on both the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited. The company's total equity share capital stands at 2,75,46,959 equity shares with a face value of ₹10 each, with no changes in the share capital structure following this acquisition.
The transaction represents a strategic investment by WhiteOak Capital Mutual Fund in the IT software space, adding to the fund's portfolio diversification across various schemes. The acquisition was completed entirely through equity shares carrying voting rights, with no involvement of warrants, convertible securities, or other financial instruments.
Historical Stock Returns for Cigniti Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.43% | -4.68% | -12.10% | -9.79% | -6.87% | +316.30% |
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